EOS Still Losing Positions! What's Next???

EOS has lost nearly four percent in the past 24 hours. The currency pair seems to be in a correction to a midterm downtrend. However, bears seem to control the market as the price is close to the descending trend line.
EOS has tested the resistance area at $12.80 but failed to break it through and went downwards. The currency pair crossed 0.236 retracement level and reached the support area at $11.92. EOS/USD fluctuates below this support in the moment of writing.
The possible scenarios for EOS/USD are the following:
1. Red scenario (bearish). The currency pair will break through 0.5 retracement level and move lower targeting support area $11.41, which coincides with 0.618 retracement level.
2. Orange scenario (neutral). EOS/USD will run towards 0.236 retracement level and reverse downwards there.
3. Green scenario (bullish correction). EOS/USD will reach 0.236 retracement level and break it through targeting the closest resistance area at $12.80.

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